Energy Secretary Granholm's investment in electric vehicle battery company sparks concern
Fox News
As the Biden administration presses ahead with its green energy agenda that includes electric vehicles, Energy Secretary Jennifer Granholm has until late August to fully divest up to $5 million in stock options from Proterra, a company that makes electric buses, car batteries and charging stations.
A top Republican senator has asked for an investigation into the secretary’s holdings and whether they present a conflict of interest with her department playing a key role in the Biden administration’s infrastructure plan that calls for $174 billion "to win" the electric vehicle market. An Energy Department spokesperson said the secretary is working to fully divest from any firm that could give the appearance of a conflict of interest. "Secretary Granholm has acted in full accordance with the comprehensive ethical standards set by the Biden administration," the Energy Department spokesperson told Fox News in an email statement. "She is in the process of divesting all holdings in the company within the 180 days permitted by her ethics agreement."
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